1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entitiesa (effective April 2008).

Turnover policy

The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax.

Tangible fixed assets depreciation policy

Depreciation is calculated so as to write off the cost of an asset, less it`s estimated residual value over the useful economic life of that asset as follows: Plant & Machinery 20% straight line. Fixtures & Fittings 20% straight line. Motor Vehicles 20% straight line.

Intangible fixed assets amortisation policy

Not Applicable

Valuation information and policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

Work in progress is valued on the basis of direct cost plus attributable overheads based on normal level of activity. Provision is made for any forseeable losses where appropriate. No element of profit is included in th valuation of work in progress.

2. Tangible assets

4. Called up share capital

Allotted, called up and paid